Best SBA 7(a) lenders for employee leasing services
The top SBA 7(a) lenders for employee leasing services (NAICS 561330) are U.S. Bank, National Association, The Huntington National Bank, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 91 loans totaling $70.8M to businesses in this industry. Average loan size: $778K. Average rate: 9.25%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 5.66%.
Loans
91
Total $
$70.8M
Avg loan
$778K
Avg rate
9.25%
Avg term
116 mo
Industry chg-off rate
5.66%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 10 | $15.2M | $1.5M | 8.36% | 0.00% |
| 2 | The Huntington National Bank | 9 | $1.5M | $171K | 10.53% | 0.00% |
| 3 | Northeast Bank | 6 | $961K | $160K | 11.04% | — |
| 4 | Newtek Bank, National Association | 5 | $1.3M | $254K | 11.15% | 0.00% |
| 5 | ChoiceOne Bank | 5 | $9.2M | $1.8M | 7.05% | 0.00% |
| 6 | Readycap Lending, LLC | 5 | $825K | $165K | 12.90% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 4 | $455K | $114K | 12.13% | 0.00% |
| 8 | Newtek Small Business Finance, Inc. | 3 | $260K | $87K | 7.58% | 0.00% |
| 9 | Byline Bank | 3 | $9.4M | $3.1M | 7.75% | 0.00% |
| 10 | Live Oak Banking Company | 3 | $9.0M | $3.0M | 5.77% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 3 | $590K | $197K | 12.60% | — |
| 12 | Bank of America, National Association | 3 | $879K | $293K | 7.50% | 0.00% |
| 13 | Wells Fargo Bank National Association | 2 | $25K | $13K | 8.25% | 0.00% |
| 14 | United Midwest Savings Bank National Association | 2 | $300K | $150K | 6.00% | 50.00% |
| 15 | KeyBank National Association | 2 | $2.4M | $1.2M | 5.00% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561330. Charge-off rates are calculated on the FY2020–FY2023 cohort only.